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Portobello Road
Edinburgh, EH8

Offers in Region of£179,995
Bedrooms:3Bathrooms:1Public Rooms:1Tenanted:Yes
Current Yield:9.5%Potential Yield:11.3%

Features

  • Buy-To-Let Investment
  • Tenanted & Fully HMO Compliant
  • 3 Bedrooms
  • Home Report : £180,000
  • Current Rental £1,425pm
  • Current Yield 9.5%
  • Furnished Let
  • 70 sq m
  • EPC Rating: C
  • Price Includes Inventory Items & Safety Certificates

Description

Forming part of a traditional building in Piershill, this well-proportioned flat offers three bedrooms, a living room, a kitchen, and a shower room, plus access to a shared drying area and unrestricted on-street parking.

A secure shared entrance and stairwell leads to the flat’s front door, where you are welcomed inside by a long hall with built-in storage. Following the hall along to the end, you reach a living room, which offers plenty of space for lounge furniture layouts and has a feature fireplace surround/TV stand, flanked by an Edinburgh press. The living room is conveniently connected to the kitchen which is fitted with wall and base cabinets, spacious worktops, and space for freestanding and undercounter appliances. The property’s three double bedrooms are all spacious and airy, offering ample room for freestanding bedroom furniture, and one is accompanied by built-in storage. A shower room completes the accommodation on offer and comprises a shower enclosure, a pedestal basin, and a WC. Gas central heating and double glazing ensure year-round comfort and efficiency. Externally, the flat benefits from access to a shared drying area, whilst parking in the area is conveniently unrestricted.

The property is being sold with the tenants in situ as a buy-to-let investment and is fully compliant with PRT, property inventory, EICR, gas safety, PAT, legionella risk assessment, and deposit certificate. The tenant has been a resident since August 2022 providing rental income on day 1 of purchase, the current tenancy generates an annual rental income of £17,100. Please note, for a future tenancy the property has the potential to secure £20,400pa and generate a yield of 10.7%. The property is sold as seen and the sale price includes all the inventory items.

Situated just two miles north-east of Edinburgh city centre is the popular suburb of Piershill. Local amenities include a large Morrisons supermarket and filling station, a library and a selection of takeouts and pubs. A perfect location for those favouring outdoor sports and recreation, Piershill is just a short stroll from the country-style Holyrood Park, home to the rugged climbs of Arthur’s Seat, whilst Portobello’s sweeping seafront lies only a mile east of the suburb. For those who prefer to exercise indoors, Meadowbank Sports Centre is close by and has recently undergone significant refurbishment, now offering state-of-the art facilities. Golf enthusiasts can choose from numerous courses in the surrounding area, including Craigentinny Golf Course. Piershill falls within the catchment area for a good selection of schools at primary and secondary level, and is ideally placed for easy access to the city’s fantastic independent schooling options. Well-served by excellent transport links, including 24-hour bus services in and out of the capital, the area lies beside the A1 thoroughfare and offers swift access to the City Bypass.

Documents

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Brochure
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Floorplan
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EPC
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Home Report
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